Public utilities such as cable TV companies are typically granted a(n):
A. Easement appurtenant
B. Inter vivos easement
C. Conservation easement
D. Easement in gross
Q. #2The owner of the property that grants an easement is said to hold the:
A. Servient estate
B. Appurtenant estate
C. Dominant estate
D. Gross estate
Q. #3Which of the following is not true about mortgages?
A. The mortgage lending industry is primary self-policing with a minimum of government regulation
B. Many mortgages are sold by lenders as investments, to other lenders
C. Insurance companies and union pension funds are types of mortgage lenders
D. For the most part, standard mortgage documents are uniform across the U.S.
Q. #4Harcourt is a paralegal in a contract litigation law firm. Reviewing a contract which is the subject of a breach of contract claim, he discovers a clause that could be taken as liquidated damages. What should Harcourt do?
A) notify the client that his damages are limited to what is stated in the contract
B) notify the attorney that there may be an issue of liquidated damages in the case
C) nothing
D) send a demand letter for the damages stated in the contract
Q. #5The two primary documents used in mortgage financing:
A. Mortgage and deed
B. Mortgage and purchase contract
C. Mortgage and plat
D. Mortgage and promissory note
Q. #6Brad and Ben are college students looking for a place to live during the upcoming school year. Mrs.Wiggins rents half of her duplex to them. Rent is due of the first of each month. Mrs. Wiggins or Brad and Ben may terminate the lease by giving one month's notice after a lease payment. This is most likely a:
A. Tenancy for years
B. Periodic tenancy
C. Tenancy at will
D. Tenancy by sufferance
Q. #7In a case of adverse possession, the landowner need not be aware of the wrongful possession.
A. True
B. False
Q. #8A way of limiting a gift of real property is to place it in trust.
A. True
B. False
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